WD Rutherford LLC Purchases 24,786 Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG)

WD Rutherford LLC lifted its position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 5,153.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 25,267 shares of the restaurant operator’s stock after purchasing an additional 24,786 shares during the period. WD Rutherford LLC’s holdings in Chipotle Mexican Grill were worth $1,583,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in CMG. Steph & Co. purchased a new position in shares of Chipotle Mexican Grill in the 1st quarter worth about $29,000. Semmax Financial Advisors Inc. lifted its holdings in Chipotle Mexican Grill by 225.0% during the first quarter. Semmax Financial Advisors Inc. now owns 13 shares of the restaurant operator’s stock valued at $42,000 after purchasing an additional 9 shares during the last quarter. Crewe Advisors LLC bought a new position in Chipotle Mexican Grill during the first quarter worth about $44,000. ICA Group Wealth Management LLC purchased a new stake in shares of Chipotle Mexican Grill during the 4th quarter valued at approximately $37,000. Finally, Westside Investment Management Inc. bought a new position in Chipotle Mexican Grill in the 1st quarter worth approximately $58,000. 91.31% of the stock is currently owned by hedge funds and other institutional investors.

Chipotle Mexican Grill Stock Up 0.5 %

Shares of NYSE:CMG traded up $0.26 during midday trading on Friday, hitting $53.71. 9,928,362 shares of the stock traded hands, compared to its average volume of 15,141,147. The business’s 50 day moving average is $121.44 and its two-hundred day moving average is $80.82. The stock has a market capitalization of $73.76 billion, a PE ratio of 57.14, a P/E/G ratio of 2.23 and a beta of 1.24. Chipotle Mexican Grill, Inc. has a one year low of $35.37 and a one year high of $69.26.

Chipotle Mexican Grill (NYSE:CMG) last issued its quarterly earnings data on Wednesday, July 24th. The restaurant operator reported $0.34 EPS for the quarter, topping the consensus estimate of $0.32 by $0.02. Chipotle Mexican Grill had a net margin of 13.23% and a return on equity of 44.01%. The business had revenue of $2.97 billion during the quarter, compared to analyst estimates of $2.94 billion. During the same period in the prior year, the business earned $12.65 EPS. The company’s revenue for the quarter was up 18.2% on a year-over-year basis. As a group, sell-side analysts forecast that Chipotle Mexican Grill, Inc. will post 1.09 earnings per share for the current year.

Insider Activity

In other Chipotle Mexican Grill news, insider Curtis E. Garner sold 17,394 shares of the stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $54.68, for a total transaction of $951,103.92. Following the sale, the insider now directly owns 358,300 shares in the company, valued at approximately $19,591,844. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 1.02% of the company’s stock.

Analyst Ratings Changes

CMG has been the topic of a number of analyst reports. Argus boosted their price objective on Chipotle Mexican Grill from $73.36 to $77.76 and gave the company a “buy” rating in a research note on Tuesday, June 18th. Robert W. Baird decreased their target price on shares of Chipotle Mexican Grill from $74.00 to $62.00 and set an “outperform” rating on the stock in a report on Wednesday, August 14th. Oppenheimer cut their price target on shares of Chipotle Mexican Grill from $70.00 to $65.00 and set an “outperform” rating for the company in a report on Thursday, July 25th. Barclays decreased their price target on shares of Chipotle Mexican Grill from $58.00 to $55.00 and set an “equal weight” rating on the stock in a report on Thursday, July 25th. Finally, Evercore ISI dropped their price objective on Chipotle Mexican Grill from $65.00 to $59.00 and set an “outperform” rating for the company in a research note on Wednesday, August 14th. Ten research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $62.36.

Chipotle Mexican Grill Company Profile

Chipotle Mexican Grill, Inc, together with its subsidiaries, owns and operates Chipotle Mexican Grill restaurants. It sells food and beverages through offering burritos, burrito bowls, quesadillas, tacos, and salads. The company also provides delivery and related services its app and website. It has operations in the United States, Canada, France, Germany, and the United Kingdom.